- Industry: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
An association of homeowners within a community formed to improve and maintain the quality of the community. An association formed by the developer of condominiums or planned developments.
Industry:Real estate
Insurance that protects the homeowners from Casualty losses or damage to the home or personal property and from liability damages to other people or property. Homeowners insurance is required by the lender and may be included in the monthly mortgage payment.
Industry:Real estate
The ratio, expressed as a percentage, which results when a borrower's housing expenses are divided by his or her gross monthly income.
Industry:Real estate
That portion of a borrower's monthly payments held by the lender or service to pay for taxes, hazard insurance, mortgage insurance, lease payments, and other items as they become due. Also known as reserves.
Industry:Real estate
The initial rate quoted usually is a lower introductory rate, sometimes called a teaser or discount rate. This lower rate lasts only until the first adjustment, after which you will be charged the fully indexed rate.
Industry:Real estate
A lease where the lessee has the option to purchase the leased property. The terms of the purchase option must be set forth in the lease.
Industry:Real estate
Life time cap governs the maximum amount the interest rate increase or decrease over the life of the loan.
Industry:Real estate
An agreement between a homeowner and a licensed real estate broker that authorizes the broker to market the property for sale during a given time period.
Industry:Real estate
A fee charged by the lender for evaluating, preparing and submitting a proposed mortgage loan.
Industry:Real estate
